Market Movers rounded up the best reactions from investors and analysts on Target . The pros, including Jim Cramer , talked about the retailer’s mixed second-quarter financial results . Target’s earnings beat analysts’ expectations, but sales fell short. The company also cut its full-year sales and profit guidance as it tries to win over more cost-conscious customers. The retailer also shared that backlash toward its Pride merchandise, as well as nationwide theft during the quarter, hurt its bottom line. Target shares had touched a 52-week low Tuesday. The stock surged during premarket trading Wednesday and ended the session with a nearly 3% gain.
You May Also Like
ACH Payments: What Are They and How Do They Work?
If you’ve been looking into new ways to make electronic payments, you’ve…
- ReportWire
- January 17, 2023
Jurgen Klopp Is Wrong: Liverpool FC Has No ‘Ceiling,’ But Newcastle United Did
Liverpool’s German manager Jurgen Klopp speaks to journalists ahead of the UEFA…
- ReportWire
- October 15, 2022
Larry Summers rejects de-dollarization fears | Insights | Bloomberg Professional Services
The dollar’s share slid last year at 10 times the average speed…
- ReportWire
- May 1, 2023
6 Strategies to Help Lower RMD Taxes
Individual Retirement Accounts (IRAs), 401(k)s and other workplace plans can help you…
- ReportWire
- November 5, 2023